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  • newIndifi Technologies partners Suvidhaa Infoserve
    The first phase of this partnership will benefit Suvidhaa's 90,000 channel partner-base to manage operations better and enhance efficiency, a joint statement said.
    - 54 mins ago, 27 Jul 16, 4:04pm -
  • newILFS Engineering bags Rs 532 cr project from NMRC
    The company has received a Letter of Acceptance (LoA) from NMRC, a joint venture of the Maharashtra government and the Centre, for constructing metro stations for the Nagpur metro project, a statement issued here said.
    - 1 hour ago, 27 Jul 16, 3:56pm -
  • newSahara rejects $1.3 bn offer, calls it attempt to lower price
    In a strongly worded reaction to the offer made by a group of family office investors, led by Jesdev Saggar-led 3 Associates, Sahara group said it was "a malicious and non-serious act of some wrong people".
    - 1 hour ago, 27 Jul 16, 3:56pm -
  • newDebt recast to help turnaround Brazilian arm: Shree Renuka
    A Brazilian court has approved the reorganisation of the debt of Shree Renuka Sugars' subsidiary in the country. The recast slashes Renuka Vale do lvai's debt by Rs 168 crore, according to Narendra Murkumbi, Vice-chairman and Managing Director, Shree Renuka Sugars.
    - 1 hour ago, 27 Jul 16, 3:35pm -
  • newMaruti to launch LCV Super Carry in India next month
    Initially, the vehicle will be sold in three cities Ahmedabad, Kolkata and Ludhiana - priced at Rs 4.03 lakh, Rs 4.11 lakh and Rs 4.01 lakh respectively, MSI said in a statement.
    - 2 hours ago, 27 Jul 16, 3:18pm -
  • newNationalise pvt banks not doing fin inclusion agenda: BJP MP
    Raising the issue during Zero Hour in Lok Sabha, Chintaman Malviya alleged that banks like ICICI, Kotak Mahindra, YES and Axis have become "organised racket of profiteers" which have nothing to do with implementing schemes like the Jan Dhan Yojana.
    - 2 hours ago, 27 Jul 16, 3:18pm -
  • newSteel industry press govt to put off quality control order
    Terming the order "arbitrary", the Metal and Stainless Steel Merchant's Association (MSSMA), All India Stainless Steel Industries Association (AISSIA) and Process Plant Machinery Association of India (PPMAI) claimed that the QC order has been implemented without discussions with end users.
    - 2 hours ago, 27 Jul 16, 3:10pm -
  • newHero Electronix buys India biz of Germany's TES DST Holding
    "With this partnership Hero Electronix now has the expertise to offer sophisticated technological products encompassing embedded software and hardware development for domains like automotive, avionics, transportation, industrial and home automation," Hero Electronix Founder-Director Ujjwal Munjal told PTI.
    - 2 hours ago, 27 Jul 16, 3:04pm -
  • newUSL to stop manufacturing operations in Bihar due to ban
    USL, which has a plant at Hathidah, said that in the 2015-16 fiscal, Bihar contributed about Rs 100 crore or 1 percent to the company's total revenue.
    - 2 hours ago, 27 Jul 16, 2:58pm -
  • newDRL may go for product filings in LatAM, APAC, North Africa
    The letter has resulted in a delay of some of important product launches this year and also necessitated a significant cost towards the remediation efforts, Prasad added.
    - 2 hours ago, 27 Jul 16, 2:34pm -
  • newNew suitor offers $1.3 bn for Sahara's overseas hotels
    A consortium of family office investors, comprising of Jesdev Saggar-led 3 Associates of the UK and others from the Middle East, has made the offer to acquire Sahara group's majority stake in the three marquee hotel properties -- the famed Grosvenor House in London, Park Plaza and Dream Downtown hotels in New York.
    - 3 hours ago, 27 Jul 16, 2:18pm -
  • newQuebec to invest $133 mn in Tata Steel Minerals iron ore proj
    Tata Steel Minerals Canada (TSMC) is a JV established in October 2010 by the Indian firm and New Millennium Iron Corp with the former owning 94 percent.
    - 3 hours ago, 27 Jul 16, 2:14pm -
  • newUttam Galva likely to sell plants in Khopoli, Wardha
    The steel manufacturer is said to be in talks with players to sell its plants in Wardha and Khopoli and hopes to raise about Rs 7,000 crore from the sale, reports CNBC-TV18's Kritika Saxena.
    - 3 hours ago, 27 Jul 16, 1:54pm -
  • newByndr raises $700,000 in seed funding
    The Hyderabad-based firm will utilise the funds to expand its sales and development team, Byndr said in a statement.
    - 4 hours ago, 27 Jul 16, 1:12pm -
  • newLooking forward to opening retail stores in India: Apple CEO
    "India is now one of our fastest growing markets. In the first three quarters of this fiscal year, our iPhone sales in India were up 51 percent year-on-year," Apple CEO Tim Cook said on an investor call.
    - 4 hours ago, 27 Jul 16, 12:52pm -

Reuters India

  • newIndia orders four maritime spy planes from Boeing, bolsters navy
    NEW DELHI (Reuters) - India signed a contract on Wednesday to buy four maritime spy planes from Boeing Co for about $1 billion, defence and industry sources said, aiming to bolster the navy as it tries to check China's presence in the Indian Ocean.
    - 25 mins ago, 27 Jul 16, 4:33pm -
  • newSensex, Nifty end higher as govt makes headway on GST bill
    REUTERS - Nifty index rose to its highest in more than 15 months on Wednesday as sentiment turned positive after the central government and states made some progress on the Goods and Services Tax bill.
    - 41 mins ago, 27 Jul 16, 4:17pm -
  • newApple sells more iPhones than expected, shares jump after hours
    (Reuters) - Apple Inc sold more iPhones than Wall Street expected in the third quarter and estimated its revenue in the current period would top many analysts' targets, soothing fears that demand for the company's most important product had hit a wall.
    - 1 hour ago, 27 Jul 16, 3:34pm -
  • newGold treads water ahead of Fed policy statement
    LONDON (Reuters) - Gold steadied near $1,320 an ounce on Wednesday as traders awaited the outcome of a two-day Federal Reserve policy meeting later, which will be closely watched for any clues on the scale and pace of interest rate hikes this year.
    - 2 hours ago, 27 Jul 16, 3:26pm -
  • newEuropean stocks rise, Asia lifted by Japan stimulus
    LONDON (Reuters) - Stocks rose in Europe and Asia on Wednesday while the yen sank against the dollar, after Prime Minister Shinzo Abe said his government would present a $265 billion stimulus package to reflate the Japanese economy.
    - 2 hours ago, 27 Jul 16, 2:54pm -
  • newChina's Fosun to sign agreement for $1.4 billion Gland Pharma buy - paper
    MUMBAI (Reuters) - Shanghai Fosun Pharmaceutical (Group) Co will sign a definitive agreement on Wednesday to buy a controlling stake in India's Gland Pharma in a $1.4 billion deal, the Economic Times newspaper reported, citing a source with direct knowledge.
    - 5 hours ago, 27 Jul 16, 12:20pm -
  • newTwitter revenue growth stalls, struggles to boost users
    SAN FRANCISCO/BENGALURU (Reuters) - Twitter Inc reported its slowest revenue growth since going public in 2013 and set a disappointing forecast, fanning concerns that faster growing social media services will make it a niche product.
    - 13 hours ago, 27 Jul 16, 4:24am -
  • newArun Jaitley meets state ministers to rescue stalled GST reform
    NEW DELHI (Reuters) - Finance Minister Arun Jaitley met his state counterparts on Tuesday to forge a political consensus on a much-awaited sales tax reform that is held up in parliament, but made little progress in breaking the impasse.
    - 20 hours ago, 26 Jul 16, 8:41pm -
  • newRaghuram Rajan defends inflation record, urges independence
    MUMBAI (Reuters) - The Reserve Bank of India's outgoing governor, Raghuram Rajan, on Tuesday staunchly defended his record in curbing inflation and cleaning up bad debt at banks, and he called on the government to protect the central bank's independence.
    - 24 hours ago, 26 Jul 16, 5:07pm -

Live Mint

Live Mint - Companies

Google: India Business News

  • newIndia inks another $1 billion deal for 4 sub-hunting planes with the US - Times of India

    India inks another $1 billion deal for 4 sub-hunting planes with the US - Times of India

    Times of IndiaIndia inks another $1 billion deal for 4 sub-hunting planes with the USTimes of IndiaNEW DELHI: India on Wednesday inked $1 billion deal with Boeing for the acquisition of four more Poseidon-8I long-range surveillance and anti-submarine warfare aircraft, taking the total value of arms contracts signed with the US to over $15 billion in ...With China In Mind, India's $1 Billion Order For New Spy Planes: ReportNDTVIndia inks $1-billion deal with US for 4 P-8I submarine hunter planesH…
    - 25 mins ago, 27 Jul 16, 4:33pm -
  • newSahara rejects $1.3 billion offer, calls it attempt to lower price - Economic Times

    Sahara rejects $1.3 billion offer, calls it attempt to lower price - Economic Times

    Economic TimesSahara rejects $1.3 billion offer, calls it attempt to lower priceEconomic TimesLONDON/NEW DELHI: Sahara group today rejected a new USD 1.3 billion offer from a group of investors for its three prized overseas hotels, terming it a "devious attempt" to lower the price and disturb the sentiment of other bidders making "much higher" ...New suitor offers $1.3 bn for Sahara's overseas hotelsThe Indian ExpressNew Suitor Offers $1.3 Billion For Sahara's Overseas HotelsNDTVSahara gets $1.…
    - 52 mins ago, 27 Jul 16, 4:06pm -
  • newShinzo Abe's $265 bn stimulus plan puts pressure on BOJ to ease - Business Standard

    Shinzo Abe's $265 bn stimulus plan puts pressure on BOJ to ease - Business Standard

    Business StandardShinzo Abe's $265 bn stimulus plan puts pressure on BOJ to easeBusiness StandardJapan's prime minister Shinzo Abe unveiled a surprisingly large $265 billion stimulus package on Wednesday to reflate the world's third-largest economy, adding pressure on the central bank to match the measures with monetary stimulus later this week.Sensex gets past 28K; dovish Fed, BoJ stimulus hope to keep this rally goingEconomic TimesShinzo Abe Says Japan To Compile $265 Billion Stimulus To Suppo…
    - 1 hour ago, 27 Jul 16, 3:57pm -
  • newSensex Ends Volatile Session 48 Points Higher, Banking Shares Outperform - NDTV

    Sensex Ends Volatile Session 48 Points Higher, Banking Shares Outperform - NDTV

    NDTVSensex Ends Volatile Session 48 Points Higher, Banking Shares OutperformNDTVSensex and Nifty ended Wednesday's volatile session on a positive note led by gains in banking stocks. Earlier in the day, Nifty rose to fresh 15-month high of 8,665 while Sensex rose as much as 236 points on optimism over passage of GST Bill in the ...Benchmark indices eke out small gainsBusiness StandardMapping the market: Look who gained, who lost on a day of roller-coaster rideEconomic TimesCaution ahead of F&O…
    - 1 hour ago, 27 Jul 16, 3:50pm -
  • newFlipkart CEO Binny Bansal writes letter to employees on Jabong acquisition - Economic Times

    Flipkart CEO Binny Bansal writes letter to employees on Jabong acquisition - Economic Times

    Economic TimesFlipkart CEO Binny Bansal writes letter to employees on Jabong acquisitionEconomic TimesIn one of the biggest mergers in Indian e-commerce industry, Flipkart-owned Myntra has acquired one of its biggest rivals Jabong. With the acquisition of Rocket Internet's Jabong for $70 million, Flipkart now has almost over 50% of India's fashion ...Myntra buys Jabong cheap for $70 millionTimes of IndiaNews in numbers | Assam floods affect 1.2 million peopleLivemintFull text: Read Flipkart's Bi…
    - 4 hours ago, 27 Jul 16, 12:40pm -
  • newApple talks services amid drop in iPhone sales, profit - Phys.Org
    Apple talks services amid drop in iPhone sales, profitPhys.OrgWith iPhone sales and profits sliding, Apple on Tuesday sought to highlight its growth in services as it seeks to reduce dependence on its main cash driver. In its quarterly update, Apple said profits slumped 27 percent from a year ago to $7.8 billion ...and more »
    - 5 hours ago, 27 Jul 16, 12:03pm -
  • newPSU banks' share of market cap much lower than their share of business - Livemint

    PSU banks' share of market cap much lower than their share of business - Livemint

    LivemintPSU banks' share of market cap much lower than their share of businessLivemintAnalysts believe the stressed asset problem is not yet behind these banks. Photo: Pradeep Gaur/Mint. Public sector lenders have paid a huge price for failing to recognize bad loans at an earlier stage. Had it not been for Reserve Bank of India's (RBI ...Govt banks wrote off Rs 59500 cr last year: Why the taxpayer should worryFirstpostState Bank of India writes off bad loans worth Rs. 15763 crore in FY2016Intern…
    - 5 hours ago, 27 Jul 16, 11:44am -
  • newChina's Fosun to buy KKR backed Gland Pharma for $1.4 billion - Economic Times

    China's Fosun to buy KKR backed Gland Pharma for $1.4 billion - Economic Times

    Business TodayChina's Fosun to buy KKR backed Gland Pharma for $1.4 billionEconomic TimesMUMBAI: In what would be the first instance of large FDI from China in Indian manufacturing, Shanghai Fosun Pharmaceutical (Group) Co will sign a definitive agreement later on Wednesday to acquire a controlling stake in Hyderabad-based Gland Pharma ...Deals Buzz: Fosun to buy Gland Pharma for $1.3 billionLivemintChina's Fosun To Sign Agreement For $1.4 Billion Gland Pharma Buy: ReportNDTVFosun set for $1.4b…
    - 7 hours ago, 27 Jul 16, 9:55am -
  • newCrocodile brand owner to hit primary markets - Daily News & Analysis

    Crocodile brand owner to hit primary markets - Daily News & Analysis

    Daily News & AnalysisCrocodile brand owner to hit primary marketsDaily News & AnalysisThe company has finalised a price band from Rs 258 to Rs 268 per equity share for the public offer which will close on August 4, 2016. S P Apparels, a manufacturer and exporter of knitted garments for infants and children, is looking at raising Rs 215 ...Crocodile-branded menswear maker targeting $100 mn valuation via IPOVCCircleSP Apparels expects to raise Rs 239 crore via IPOFinancial ExpressSP Apparels Fixes…
    - 10 hours ago, 27 Jul 16, 6:42am -
  • newCompetition possibly restricted in coal auctions - The New Indian Express

    Competition possibly restricted in coal auctions - The New Indian Express

    The New Indian ExpressCompetition possibly restricted in coal auctionsThe New Indian ExpressNEW DELHI: THE Comptroller and Auditor General (CAG) on Tuesday pointed out serious holes in the e-auctioning process of the coal ministry. In a report tabled in Parliament on Tuesday, the CAG said the competition may have been restricted in auction of ...CAG finds fault with Modi govt's coal block auctionTimes of IndiaRailways Disaster Management Plans Not Comprehensive: National AuditorNDTVCAG finds in…
    - 12 hours ago, 27 Jul 16, 5:21am -

Yahoo! World Business

  • newCoca-Cola quarterly revenue drops 5.1 percent

    Coca-Cola quarterly revenue drops 5.1 percent

    (Reuters) - Coca-Cola Co reported a 5.1 percent drop in quarterly revenue, citing "difficult external conditions" in many of its emerging and developing markets, including China and Argentina.
    - 19 mins ago, 27 Jul 16, 4:39pm -
  • newAnthem profit beats estimates as Medicaid memberships rise

    Anthem profit beats estimates as Medicaid memberships rise

    (Reuters) - U.S. health insurer Anthem Inc reported a better-than-expected profit as enrolments rose in its Medicaid plans, which cater to low-income Americans. The company, whose proposed acquisition of rival Cigna Corp is being challenged by U.S. antitrust authorities, said overall memberships increased 3.2 percent in the second quarter. Anthem's memberships have been rising in the past couple of years as more Americans sign up for its Medicaid plans expanded under President Barack Obama's Aff…
    - 54 mins ago, 27 Jul 16, 4:04pm -
  • newSky Sports will share Premier League goals on Twitter as they happen

    - 1 hour ago, 27 Jul 16, 3:50pm -
  • newGionee's M6 smartphones tackle security in a different way

    - 1 hour ago, 27 Jul 16, 3:40pm -
  • newNintendo posts first-quarter loss, delays launch of accessory for Pokemon GO

    Nintendo posts first-quarter loss, delays launch of accessory for Pokemon GO

    Japan's Nintendo Co Ltd booked a quarterly operating loss on a sharply stronger yen and delayed the launch of an accessory for Pokemon GO, but hopes for long-term growth are running high on the mobile game's success. First rolled out only three weeks ago, the game which has players walking around real life neighborhoods to catch and train Pokemon, has taken the world by storm, driving up Nintendo's market value by 50 percent. While analysts have been upbeat about prospects for Nintendo to make m…
    - 1 hour ago, 27 Jul 16, 3:28pm -

Yahoo! India Business

  • newPL Abe's plan for $265 billion stimulus puts pressure on BOJ to ease

    PL Abe's plan for $265 billion stimulus puts pressure on BOJ to ease

    By Leika Kihara and Stanley White TOKYO (Reuters) - Japan's prime minister unveiled a surprisingly large $265 billion stimulus package on Wednesday to reflate the world's third-largest economy, adding pressure on the central bank to match the measures with monetary stimulus later this week. The earlier-than-expected announcement to boost the flagging economy sent Japanese and other Asian stock markets higher while it weighed on the safe-haven yen, but lacked crucial details on how much of the pa…
    - 23 mins ago, 27 Jul 16, 4:35pm -
  • newCaution ahead of F&O expiry, FOMC outcome depress equity markets
    Mumbai, July 27 (IANS) Profit booking, combined with caution ahead of derivatives expiry and a key announcement over the US interest rate, depressed the Indian equity markets on Wednesday.
    - 44 mins ago, 27 Jul 16, 4:14pm -
  • newGold treads water ahead of Fed policy statement

    Gold treads water ahead of Fed policy statement

    By Jan Harvey LONDON (Reuters) - Gold steadied near $1,320 an ounce on Wednesday as traders awaited the outcome of a two-day Federal Reserve policy meeting later, which will be closely watched for any clues on the scale and pace of interest rate hikes this year. Spot gold was at $1,320.12 an ounce at 0930 GMT, little changed from $1,319.84 late on Tuesday. U.S. gold futures for August delivery were down 10 cents at $1,320.70.
    - 2 hours ago, 27 Jul 16, 3:26pm -
  • newCaution ahead of F&O expiry depresses equity markets
    Mumbai, July 27 (IANS) Profit booking, combined with caution ahead of derivatives expiry and a key announcement over the US interest rate, depressed the Indian equity markets on Wednesday. The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 27,976.14 points, traded at 27,968.38 points (2.30 p.m.) -- down by 8.14 points or 0.03 per cent from the previous close at 27,976.52 points. The Sensex touched a high of 28,210.88 points and a low of 27,899.93 points during the intra-…
    - 2 hours ago, 27 Jul 16, 3:18pm -
  • newEuropean stocks rise, Asia lifted by Japan stimulus
    By Nigel Stephenson LONDON (Reuters) - Stocks rose in Europe and Asia on Wednesday while the yen sank against the dollar, after Prime Minister Shinzo Abe said his government would present a $265 billion stimulus package to reflate the Japanese economy. The larger-than-expected figure helped lift Tokyo stocks 1.7 percent and Asian shares to one-year highs as investors looked ahead to a Bank of Japan meeting on Friday, with expectations running high it will take steps to ease monetary policy. Euro…
    - 2 hours ago, 27 Jul 16, 2:54pm -
  • newIndonesia president puts ex-general, popular World Bank leader in cabinet

    Indonesia president puts ex-general, popular World Bank leader in cabinet

    By Gayatri Suroyo and Eveline Danubrata JAKARTA (Reuters) - Indonesian President Joko Widodo pleased market reform advocates by bringing home the World Bank's managing director to be finance minister and upset human rights activists by naming a controversial ex-general as security chief. The surprise appointments of Sri Mulyani Indrawati atop finance and Wiranto as coordinating minister for politics, law and security were part of a wider-than-expected cabinet reshuffle in which the trade, energy…
    - 4 hours ago, 27 Jul 16, 1:18pm -
  • newNintendo in wider-than-expected Q1 loss, but hopes high for Pokemon GO

    Nintendo in wider-than-expected Q1 loss, but hopes high for Pokemon GO

    By Makiko Yamazaki TOKYO (Reuters) - Japan's Nintendo Co Ltd booked an operating loss in the first quarter, hurt by unfavourable currency rates although hopes for long-term growth are running high on the worldwide success of Pokemon GO. Nintendo posted an operating loss of 5.1 billion yen ($49 million) for the April-June quarter, versus a profit of 1.15 billion yen in the same period a year earlier, blaming a stronger yen that eats into the value of income earned abroad. Nintendo earns more than…
    - 4 hours ago, 27 Jul 16, 1:09pm -
  • newAsia stocks settle near one-year highs on Japan stimulus

    Asia stocks settle near one-year highs on Japan stimulus

    By Saikat Chatterjee HONG KONG (Reuters) - Asian stocks settled near one-year highs on Wednesday while the safe-haven yen slumped after Japan's government announced a larger-than-expected economic stimulus package, which led most of the region's bourses higher. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.1 percent, reversing earlier gains, having previously climbed to its highest level since Aug. 11, 2015. Japan's Nikkei rose nearly 2 percent, leading the region higher.
    - 5 hours ago, 27 Jul 16, 12:25pm -
  • newBritain should deliver "full Brexit" soon, lawmaker says
    By Guy Faulconbridge LONDON (Reuters) - Britain should leave the European Union quickly and not be drawn into a discussion about watering down the voters' clearly expressed wish for limits on immigration, senior Conservative lawmaker John Redwood said. Redwood, an intellectual leader of the Brexiteers in Prime Minister Theresa May's ruling Conservative party, said a swift exit that ensured tariff-free trade with the rest of the EU was achievable. Mapping out options for Brexit, Redwood said parl…
    - 5 hours ago, 27 Jul 16, 11:37am -
  • newApple sells more iPhones than expected, shares jump after hours

    Apple sells more iPhones than expected, shares jump after hours

    Apple Inc sold more iPhones than Wall Street expected in the third quarter and estimated its revenue in the current period would top many analysts' targets, soothing fears that demand for the company's most important product had hit a wall. IPhone sales dropped for the second straight quarter, pushing down Apple's total revenue 14.6 percent in the fiscal third quarter, ended June 25. Demand for Apple's phones has waned in China, partly because of economic uncertainty there, and has also slowed i…
    - 7 hours ago, 27 Jul 16, 9:57am -
  • newU.S. crude hits three-month low; API reports smaller crude draw

    U.S. crude hits three-month low; API reports smaller crude draw

    By Barani Krishnan NEW YORK (Reuters) - U.S. crude prices fell on Tuesday, hitting three-month lows, on renewed worries of a glut while Brent settled higher due to its better fundamentals versus U.S. crude. Trade group American Petroleum Institute (API) said after the market's settlement that U.S. crude stockpiles fell by 827,000 barrels last week, compared with analysts' expectations for a drawdown of 2.3 million barrels.
    - 14 hours ago, 27 Jul 16, 3:00am -
  • newWall Street mixed as investors eye Apple earnings

    Wall Street mixed as investors eye Apple earnings

    U.S. stocks were mixed on Tuesday as Federal Reserve policymakers kicked off a two-day interest rate meeting and investors braced for quarterly scorecards from Apple and Twitter. Choppy stock trading followed a recent rally to consecutive record highs on the S&P 500 that has stretched price-to-earnings multiples to levels that some investors say presumes that companies will beat second-quarter estimates. Five of the 10 major S&P sectors rose, while a 1.49 percent drop in the telecom services ind…
    - 15 hours ago, 27 Jul 16, 1:51am -
  • newYen jumps before Bank of Japan meeting, oil mixed

    Yen jumps before Bank of Japan meeting, oil mixed

    By Herbert Lash NEW YORK (Reuters) - A buoyant yen and U.S. oil prices at three-month lows kept stock markets on the defensive on Tuesday as investors awaited central bank meetings this week that will unveil new stimulus in Japan and may provide clues on U.S. interest rates. The yen hit two-week highs against the euro and more than one-week highs against the dollar as traders dialled back expectations of how much new stimulus authorities will inject into Japan's ailing economy at the end of the…
    - 16 hours ago, 27 Jul 16, 12:36am -
  • newWorld Bank raises 2016 oil price forecast on supply outages, robust demand

    World Bank raises 2016 oil price forecast on supply outages, robust demand

    The World Bank raised its crude oil forecast for 2016 to $43 a barrel on Tuesday, from $41 a barrel, citing supply outages and robust demand in the second quarter. Disruptions in oil supply during the second quarter, including from militant attacks in Nigeria and wildfires in Canada, helped oil prices rebound from 12-year lows hit early in the year. The World Bank said its latest forecast takes these recent developments into account.
    - 18 hours ago, 26 Jul 16, 10:56pm -
  • newGold climbs as dollar retreats ahead of Fed meeting

    Gold climbs as dollar retreats ahead of Fed meeting

    By Jan Harvey LONDON (Reuters) - Gold rose on Tuesday as the dollar fell, but remained hemmed into a range ahead of a two-day Federal Reserve policy meeting this week, which will be closely watched for clues on the outlook for U.S. interest rates. The Fed is expected to leave policy unchanged at its meeting starting later in the day, but investors are watching for any signs that the U.S. central bank may move back to tightening later this year, a move that would be negative for gold. Gold is hig…
    - 21 hours ago, 26 Jul 16, 7:55pm -
  • newProfit booking, key events plunge equity markets
    Mumbai, July 26 (IANS) Profit booking, caution ahead of key global and domestic events and negative international indices plunged the Indian equity markets on Tuesday. The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 28,121.37 points, closed at 27,976.52 points -- down by 118.82 points or 0.42 per cent from the previous close at 28,095.34 points. The Sensex touched a high of 28,149.53 points and a low of 27,927.13 points during the intra-day trade.
    - 22 hours ago, 26 Jul 16, 6:32pm -
  • newMyntra buys fashion e-store Jabong for $70 million
    Bengaluru, July 26 (IANS) Leading e-tailer Flipkart-owned Myntra on Tuesday announced acquiring e-store Jabong from its London-based owners Global Fashion Group (GFG) for $70 million (Rs 471 crore) to consolidate its position in the fashion and lifestyle segment both operate in. "The transaction is a decisive step in our strategy to refocus business on core markets and accelerate on our path to profitability," GFG said in its statement. Gurgaon-headquartered Jabong is a major fashion multi-brand…
    - 23 hours ago, 26 Jul 16, 5:42pm -
  • newBritish oil major BP pursues new projects despite profit miss

    British oil major BP pursues new projects despite profit miss

    Tuesday's results missed expectations, with analysts surprised by higher corporate charges, including administrative costs relating to Gulf of Mexico oil spill liabilities, and a lower contribution from BP's stake in Russian oil producer Rosneft. Rivals Shell, Statoil, Total and Eni also report second-quarter numbers this week, sharpening the focus on Tuesday's drop in crude oil prices towards $44 a barrel, well short of the $60 previously cited as the level at which oil majors can break even. "…
    - 24 hours ago, 26 Jul 16, 5:06pm -
  • Factbox: Potential successors to RBI chief Rajan

    Factbox: Potential successors to RBI chief Rajan

    (Reuters) - The Indian government has scaled back the urgency of its search for a new governor of the Reserve Bank of India, with a replacement to Raghuram Rajan now likely only to be named after he chairs his final policy meeting next month. Two government sources with direct knowledge of the matter said Kaushik Basu, who is stepping down as the World Bank's chief economist, had made it onto a shortlist of candidates to take over when Rajan's term expires on Sept. 4. Here are pen portraits on t…
    - 1 day ago, 26 Jul 16, 4:02pm -
  • Profit booking, key meetings subdue equity markets
    Mumbai, July 26 (IANS) Profit booking, along with caution ahead of two major meetings and negative global indices, subdued the Indian equity markets on Tuesday. The wider 51-scrip Nifty of the National Stock Exchange (NSE) inched down by 3.30 points or 0.04 per cent to 8,632.35 points. The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 28,121.37 points, traded at 28,113.82 points (at 2.00 p.m.) -- up only 18.48 points or 0.07 per cent from the previous close at 28,095.34…
    - 1 day ago, 26 Jul 16, 2:58pm -